§ 47-9402 Secured party not obligated on contract of debtor or in tort

AZ Rev Stat § 47-9402 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

47-9402. Secured party not obligated on contract of debtor or in tort

The existence of a security interest, agricultural lien or authority given to a debtor to dispose of or use collateral, without more, does not subject a secured party to liability in contract or tort for the debtor's acts or omissions.